A drop in demand for graphics cards (GPUs) by the world's cryptocurrency miners could 'materially' impact AMD's chip business, the company disclosed this week. In its most recent 10-K annual filing, AMD - one of several firms to ride the recent wave of demand for GPUs (which are needed for the energy-intensive mining process) - highlighted how "the rise of cryptocurrency prices and the introduction of new cryptocurrencies created a demand for our GPUs in 2017." While the company offered no specific figures, the disclosure, published on Feb. 27, is in line with past predictions from AMD, which suggested near the...

More than 3 million graphics cards have been sold to cryptocurrency miners in 2017, with sales reaching $776 million, a new report revealed. According to a major manufacturer, prices of GPUs will continue to increase in 2018, despite expectations of decreasing demand in the mining sector. Rising Mining Costs to Slow Down Demand Over three million Graphics Processing Units (GPUs) have been sold to cryptocurrency miners last year, Jon Peddie Research announced in its latest report. The total sales of video cards have reached $776 million, according to the market research firm, which does not expect prices to go down...